How to declutter and earn some extra cash this January
A brand-new year means one thing around here: a hard reset on everything in our lives. This includes our closet full of things we no longer use. New Year, new us.
Most of your used electronics and other gear shouldn’t just be thrown into the trash. After all, one person’s trash might make another person’s day. Tap or click here for a list of old tech worth big bucks.
Our take: why miss out on a potential windfall? These three tips can help you maximize your time and make the most of stuff that would typically go to waste.
1. Sell stuff online
When you choose a safe, reputable marketplace, cashing in is easy. Your old tech might net you a bundle if it’s in good condition.
We love Decluttr because it can help you appraise everything you want to sell, getting you a fair price without the risk of shadier places like Craigslist. Facebook Marketplace, eBay and Amazon are also excellent choices, although you might need to do more legwork.
Tap or click here for our guide to Decluttr.
2. Get tax deductions when you donate
Donating old electronics and other household goods to places like Goodwill isn’t just a charitable deed. You can also write these donations off on your taxes. To file correctly, you’ll need to itemize everything you’ve donated over the fiscal year.
Non-cash donations of less than $250 must include a description of what you gave, the organization’s name, address and the donation’s date. The more you donate, the more details you may be asked to provide. You can find all the info you need on the IRS’s site.
3. Recycle electronics
Sure, you won’t make much money, but recycling things revitalizes your home the same way both activities above do. Plus, there’s a significant environmental advantage — old batteries, computers, printer cartridges and phones all seep dangerous chemicals into the soil if not disposed of properly.
If you got paid more than $600 through PayPal or Venmo this year, you might get a tax form
We’re here with a friendly reminder that the government can and will tax you on your PayPal or Venmo transactions if they are over a certain amount. We told you earlier this year about the American Rescue Plan. Tap or click here for more details.
The IRS has a new plan to verify taxpayers' identities - Here's how
Late last year, the Internal Revenue Service (IRS) unveiled a plan to verify the identity of taxpayers through a third-party facial recognition company. As you can imagine, the decision wasn’t met kindly by many as privacy concerns were quickly pointed out.
Tax season is here - What to expect and easy ways to scan your documents
The deadline for federal tax returns for the 2021 tax year is April 18, 2022. That’s no reason to wait until the last minute, however. Your experience filing taxes can change year by year as your financial situation changes and the IRS amends its rules.
True or false: The federal government is tracking payments to friends and family over $600
The deadline for filing 2021 taxes is coming up. Tax Day falls on Monday, April 18, 2022. Is your paperwork in order?
Tax deductions are not always clear-cut. You may miss an opportunity to reduce the amount of money you need to send to Uncle Sam. We went ahead and put together eight tax deductions to get you started. Tap or click here to check out our list. And there might be changes that impact you this year.
Lazy ways to save up money for your dream (fill-in-the-blank)
New year, new possibilities. And challenges. No matter what’s going on in the world, saving money for your future should always be a primary goal. You never know when it could come in handy.
The inevitable tax season is approaching. Have you gotten your deductions in order? There have been changes since the start of the pandemic, and you may miss something you’re not aware of. Tap or click here to check out eight tax deductions that can help you save when you file your taxes.
8 tax deductions that may save you some cash in 2022
Spring is just around the horizon. Soon, the snow will melt from the landscape and flowers will pop up left and right. Tax season is also popping up, so it’s time to take out your paperwork and prepare for drudgery.
Here’s some good news, though. You don’t have to brace yourself for Uncle Sam snatching away your hard-earned money. Tax deductions can do you a world of good if you qualify for them, that is.